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Sprint Shoes Incorporated had a beginning inventory of 9 , 2 5 0 units on January 1 , 2 0 x 1 . The costs

Sprint Shoes Incorporated had a beginning inventory of 9,250 units on January 1,20x1. The costs associated with the inventory were:
\table[[Material,$15.00 per unit],[Labor,8.00 per unit],[Overhead,7.10 per unit]]
During 201, the firm produced 43,000 units with the following costs:
\table[[Material,$17.50 per unit],[Labor,8.80 per unit],[Overhead,10.30 per unit]]
Sales for the year were 47,350 units at $44.60 each. Sprint Shoes uses LIFO accounting.
a. What was the gross profit?
Gross profit
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